Alokta

What unites Alokta and the #Olympic Games? 😉 The Olympics are a global symbol of unity, excellence, and the relentless pursuit of greatness - and these are values that Alokta shares wholeheartedly. Just as athletes strive for gold, we aim for excellence in financial inclusion and empowerment. Even in the midst of summer, we’re actively planning and preparing for our autumn activities and new business ventures. New markets, new goals! Games are over, but wishing you the same Olympic spirit in your pursuits - may you have the patience, power, and dedication to achieve your goals - seems like this message is especially important for startups) #Fintech #AI #OlympicSpirit #EmergingMarkets #Innovation #CreditScoring #Empowerment

We’re #hiring, join the Alokta team! Are you ready to revolutionize the fintech industry with your backend development skills? At Alokta, we're on a mission to democratize credit #scoring with our AI-driven intelligent decision platform, and we need a Senior Backend #Developer to help us lead the charge!

To conclude our series of reviews from Nexus2050 Luxembourg here is the last set of insights 💡 On innovation and technology from European Investment Fund (EIF): ✔️Keeping the human touch: in our pursuit of innovation, we must remember to maintain the human element in our interactions and solutions.
✔️Validating the business case: it’s crucial to ensure that new ideas and technologies align with your business goals and provide tangible value.
✔️Building trust: it is the cornerstone of successful tech adoption and customer relationships.
✔️Promoting #AI literacy: educating our teams and communities about AI is essential for harnessing its full potential.
✔️Rethinking the future: we should continually challenge our assumptions and envision new possibilities for a better tomorrow.
✔️To scale up effectively, one must skill up continuously. Generative AI holds the potential to revolutionize current practices, making it imperative to stay informed and adaptable.
 On Low-code platforms from Olivier Della Maggiore and Jean-François Lecomte (CBTW): ✔️Low-code platforms have matured significantly, serving as a bridge between traditional software development and future technologies like #AI.  ✔️They enable rapid software development with user-friendly interfaces, democratizing the digitalization process. 
✔️Low-code #platforms are not just tools for today but gateways to future innovation, making them essential for anyone interested in the intersection of technology and efficiency.
✔️Low-code technology is pivotal for driving innovation and efficiency in #software engineering, providing a critical link between current practices and future advancements.
 To sum up, it would be nice to remind the words said by Maurice Lévy, co-founder of Viva Technology who inspired us with his passionate belief in the transformative power of AI. “I’m curious,” he said, urging everyone to find their path and explore new possibilities. #nexus2050 Mike Koedinger Kamel Amroune Maison Moderne The Dots Luxembourg Paperjam+Delano Business Club The LHoFT - Luxembourg House of Financial Technology LuXembourg - Let's Make It Happen

We recently attended the Summer Party organized by the Luxembourg Startup Association where we had the pleasure of witnessing the unveiling of a new brand—welcome PULSE 🚀 Powering, United, Luxembourgish, Startups, Ecosystem is set to be the voice of innovative #startups in #Luxembourg. Special guests included Grand Duke Héritier, Lex Delles, and Gilles Roth, and we also enjoyed a fantastic gathering on the rooftop of POST Luxembourg. During the event, key challenges faced by #businesses were discussed, such as fundraising (58%), #sales (45%), building teams (35%), and #talent acquisition (24%). Proposed solutions included enhancing #investments through investor incentive schemes, fostering team building with #startup shares for employees, and simplifying immigration procedures for talent acquisition. A big thanks to the inspiring PULSE team: Genna Elvin, Eric Busch, Christophe Folschette, Ilana Devillers, Patrick Kersten, Tracey Trewin, Tom Michels, Jacques Lorang, Xavier Buck and Vincent LYONNET. Let’s continue to grow our vibrant startup ecosystem!

Last week, Alokta was welcomed at the Luxembourg Chamber of Commerce Welcome Day. This annual event welcomes new companies and startups, showcasing the resources and support available to help us thrive. It was enlightening to learn how different organizations federate startups, facilitate resources, and drive innovation by connecting stakeholders, streamlining processes, and initiating projects. On top of that, we had some wonderful casual conversations with the Chamber team and other entrepreneurs. A big thanks to all of your team for the warm welcome! We’re thrilled to be part of this vibrant community 🇱🇺 House of Training House Of Entrepreneurship ESC House of Startups Luxembourg House of Sustainability

One of the standout sessions during Nexus2050 Luxembourg was on high-performance computing and sovereignty, featuring Arnaud Lambert (LuxProvide). This session delved into Luxembourg’s ambitious plans to lead in digital trust and innovation. ✔️The role of cloud technologies and #AI in building a secure and resilient digital infrastructure was underscored. ✔️Luxembourg aspires to be the ‘Silicon Valley of the World’, with an emphasis on collaboration and cultural diversity driving technological progress. ✔️Digital trust and innovation as a key to unlocking a future where technology serves the greater good, highlighting the importance of #cybersecurity and #cloud technologies in securing financial systems. ✔️Digital sovereignty is crucial, not just about controlling assets, but ensuring trust in digital spaces. ✔️Purpose beyond profit: it is not always about money but about the purpose behind #technology use. ✔️The message to young talents: while there’s always more money elsewhere, the ecosystem's diversity and collaboration in Europe are invaluable. This session reinforced the ideas presented in the special video showcased on the main stage during the conference. It echoed the theme that growth is a #mindset, not merely a measure of more. It illustrated how, like seeds, people mix, mingle, and grow when planted in a fertile environment. This metaphor captures Luxembourg’s vision: a place where ideas are sown and choices made, cultivating a sense of belonging and confidence in a strong national character. Luxembourgers feel no loss of identity; instead, they thrive with an international mindset, making #Luxembourg a common ground for innovation and collaboration. #nexus2050 Kamel Amroune Mike Koedinger Paperjam+Delano Business Club LuXembourg - Let's Make It Happen LUXEXPO THE BOX Maison Moderne The Dots Luxembourg

Congratulations to all the new members! We are excited to be part of the entrepreneurial community 🚀 Luxembourg Chamber of Commerce

Picking up where we left off 😎 Here are some more gems from Nexus2050 Luxembourg. The session on Startup Risk Mitigation and Investment Attractiveness was an enlightening experience, shedding light on the challenges and opportunities that startups face. Esteemed speakers included Paulo Andrez (author of the bestseller Zero Risk Startup), Cristina von Mayer (Risk Taking Expert), and Benjamin Tillier (Dedicated) with the session moderated by Luis Galveias from LPEA - Luxembourg Private Equity & Venture Capital Association. Here are the key takeaways: ✔️Investors invest in people, not just ideas: they are more interested in the people behind the startups than the #startups themselves. Building trust and showcasing your dedication is paramount. ✔️The most successful #entrepreneurs are those who learn from their failures and are adept at mitigating risks. ✔️Establishing solid relationships with entrepreneurs and keeping a close eye on #funding rounds is essential for sustained success. ✔️For investors, maintaining a diversified portfolio is crucial to ensure sustainable growth and minimize risks. ✔️Taking risks is a necessary part of the entrepreneurial journey. Be bold and courageous in your decisions. ✔️While many founders aspire to raise significant funds to accelerate growth, it's important to be cautious. Just like a plant, a company needs to grow at a sustainable pace. Overpromising and underdelivering can lead to lower valuations in future funding rounds. Raise only what you need! #venturecapital ✔️Regularly ask yourself if you are content with your progress and what you can do to become more attractive to investors. Continuous improvement is crucial. These insights were invaluable for understanding how to navigate the complexities of startup growth and investment. Looking forward to applying these lessons and seeing the impact they will have! #nexus2050 Mike Koedinger Maison Moderne Kamel Amroune The Dots Luxembourg LuXembourg - Let's Make It Happen

We continue to share insightful updates from our recent conference attendance, where Alokta explored a wide range of topics, from AI and fintech to investment trends and startup growth, providing a comprehensive overview of the event's highlights. Kudos for a significant session focused on fintech growth, examining the rapid expansion of digital payments and the future of financial technology. We benefited greatly from the insights of Sarah Corley (Alliance of Digital Finance and Fintech Associations ), Nameer Khan (MENA FINTECH ASSOCIATION), Thomas Krogh Jensen (Copenhagen Fintech), Takeshi Kito (Asian Fintech Alliance), Alex Panican (The LHoFT - Luxembourg House of Financial Technology). Key highlights included the following: 📍Driven by e-commerce and the COVID-19 pandemic, #digital payments have seen a tremendous increase. 📍There’s a growing popularity of digital wallets and mobile payment apps, making transactions more convenient. 📍The impact of #blockchain and #AI in enhancing payment systems and driving market growth cannot be overstated. 📍Digital payments are revolutionizing the financial landscape, making transactions more seamless and secure for consumers and businesses. 📍The Asia-Pacific region is expected to dominate the market, followed by North America and Europe, due to the increasing adoption of digital payments. We also explored several critical topics that are shaping the future of #fintech: 📍The growing role of sustainability in financial technology, emphasizing eco-friendly practices and sustainable growth. 📍The digital transformation of #SMEs, enhancing their ability to compete in the global market. 📍The rapid growth of digital payments in #Africa, highlighting the continent's increasing integration into the global digital economy. A huge thanks to everyone involved in organizing and facilitating this event! Nexus2050 Luxembourg Mike Koedinger Kamel Amroune Maison Moderne The Dots Luxembourg #nexus2050 Paperjam+Delano Business Club

During Nexus2050 Luxembourg all the sessions were packed with insights, emphasizing that growth is a mindset, not just a measure of progress. Here are some highlights from the event, which brought a fresh perspective on the future of innovation and #investment 🌱 Investment was a major theme throughout the conference, with a spotlight on the latest trends shaping our future. Sessions underscored the importance of responsible investing to drive positive change for both portfolios and the planet. This reflects a growing awareness that financial decisions today have profound implications for the future. Prof. Dr. Anabel Ternès von Hattburg, a leading figure in future trends, #sustainability, and technology, highlighted the crucial role of long-term, sustainable investments. The key trends discussed included technological breakthroughs, rapid urbanization, demographic shifts, climate change & energy transition and emerging global wealth: forecasting that emerging markets will represent six out of the seven largest economies by 2050. She underscored the necessity of investing in human potential and technological innovation, with a call to: ☑️ Embrace thematic #investing, where the intersection of profitability and responsibility creates new opportunities for investors. ☑️ Focus on today’s right investments to build a better, more sustainable future. ☑️ Think bigger and broader about our goals and aspirations! In the ‘Financial Landscape of 2035’ session, industry leaders like Claude Marx from Commission de Surveillance du Secteur Financier (CSSF), Jerry Grbic (ABBL), Stéphane Pesch (LPEA - Luxembourg Private Equity & Venture Capital Association), Serge Weyland (Alfi), Marc Hengen and Nasir Zubairi (The LHoFT - Luxembourg House of Financial Technology) delved into how technology will shape the future of finance. They discussed the critical role of #AI in driving growth and innovation, while emphasizing the need for stability and trust in banking systems. ☑️“Continue playing, continue experimenting, but remember that the fuel is trust. To have trust, you must have stability.” The conversation also highlighted the pressing need for robust #cybersecurity and advanced cloud technologies to safeguard financial systems. But innovation, as echoed throughout the conference, is not just about technology; it’s about building trust and fostering a resilient financial system.